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problems it's unclear how deeply the u.s. will engage on global issues such as syria, iran or china. u.s. relations with the outside world there are more difficult challenges to come. nhk world, washington. >>> president obama won, but he faces many economic challenges. we now ask an expert's view about his outlook. in our new york studio is richard katz, the editor in chief of the oriental economist report, newsletter on japan. mr. katz, thank you very much for joining us today. >> sure. >> among the many challenges president obama will first face the so-called fiscal cliff. how do you think he'll deal with it, and how will that affect asia? >> i think it will be very difficult to deal with it. the republicans have made it clear they continue to want to be the party of no. they're not willing to compromise on a combination of tax hikes and spending cuts. i say there's about a 50/50 chance the fiscal cliff could be avoided. at best it may be extended by a few months. if the fiscal cliff is short and then people come to their senses and compromise, the impact on asia will be small. but if
. the japan/u.s. alliance has been weakened under the democratic party government. >> abe says the liberal democratic party is well prepared for the election. he says it has reviewed its principles and streamlined its policies. there were mixed reactions from people around japan. >> translator: we are suffering so much in fukushima since last year's disaster. i don't understand why politicians cannot work together. >> translator: fukushima is slowly but steadily is moving forward in its recovery. it would be regrettable if the momentum slows in the coming weeks. >> translator: i've been looking for a job for two months. i just want the government to create more jobs. >> a business leader expressed his hopes. >> translator: the private sector is trying its utmost to survive. we hope politicians will create a society and nation where those who make efforts are duly rewarded. >>> campaign managers are already busy mapping out their tactics. nhk world's senior political commentator masayo nakajima has charted the strategy of countless campaigns. i asked him earlier what voters are thinking abo
's second largest economy behind the u.s. the chinese government with its growing military started to flex its muscles in the region. it wrangled with asian nations over control of islands in the south china sea and east china sea. >> and joining us now is michitaka. michitaka, you were with me in the great hall of the people when president hu was giving his final speech as communist party general secretary. what do you make of his words? >> the most notable part of the speech was when president hu spoke about the concept he's long supported. he was to make scientific outlook on development one of the communist party's guiding principles. it calls for review of the party's growth and economic policy and aims to incorporate sustainable development, which takes into account social welfare and the environment, making this concept a guiding principle would be part of hu's legacy. it would give him the same status as leaders past including dung zhao ming and deng xiaoping. and it will help him maintain influence within the party after he steps down. hu also advocates during his speech that chin
. a combination of tax increases exami and spending cuts and could push the u.s. economy into a recession as all eyes are on how that develops. here in japan, too, the nikkei was down 3.75% last week, so we saw that play into the markets as well. the gdp figure is coming at 0.9% for the july-to-september period. we'll see how that is translating into the opening levels. let's go to the opening levels for the nikkei and topix for many monday, november 12th. both indices are down by half a percent there. the nikkei closed out last week at a four-week low as the yen gained against the dollar and euro. the japanese currency rose. really investors shifting money into yen-based assets and the higher yen weighing on export issues. this is at a time when many japanese corporations are releasing poor earnings over the last couple of weeks. that's all most of that based on the strong yen. don't forget europe, we can't ignore that sector and economy either. the renewed concerns about greece despite pushing through an austerity plan. that's a big focus as well, how that plays into stock markets. >> how are
by the international energy agency comes as new technologies opens up huge oil reserves underground. the iea said u.s. oil output will surpass that of saudi arabia and other countries by 2017. the u.s. has established technology to extract shale oil from hard rock layers thousands of meters below the ground. commercial production has already begun. the agency says the u.s. will be nearly self-sufficient by 2035. that's due to an expected surge in the production of shale gas, a type of natural gas also trapped in underground rock. america currently relies on imports for 20% of energy needs. once the u.s. achieves successful sufficiency in energy, it may start showing less interest in oil producing regions including the middle east. >>> let's check on the markets. the u.s. markets changed little overnight. trading volume was low as other markets as long as the u.s. bonds market was closed for veterans day. and to see how stocks in japan are doing, we go to ramin mellegard at the tokyo stock exchange. how are things kicking off over there? >> good morning to you. yes, indeed. still a bit of hesitation i
. they also warned of the u.s. fiscal cliff. fiscal austerity is expected to increase. the finance chiefs cautioned extreme belt tightening could trigger a further slowdown. they point to the failure so far for debt covering bonds. they have decided to present reliable reconstruction plans for 2016 and beyond. called for growth strategies along with fiscal reform. they urge nations in fiscal good standing to step up to stimulate growth. now, it's not only the financial leaders who are worried about the slowdown. yuko fukushima joins us from the desk. how are investors feeling these days? >> good morning. understandably many of them are nervous. and they're hoping to get some clues from the u.s. presidential election. this is because investors on wall street are also feeling the downside risks of the economy. especially with the so-called fiscal cliff. right now they're staying on the sidelines through the election. new york markets ended slightly higher. the dow jones up by .15% and closed at 13,112. we'll have to see how stocks here in japan are trading this tuesday morning. we go to ram
. the u.s. geological society reported a 5.8 magnitude aftershock later sunday. reuters says at least 11 people died, but that figure is likely to rise. several workers remain unaccounted for following the collapse of an unfinished bridge over the river. >>> the shooting of a teenage girl in pakistan for defending women's rights to education has shocked the world. the pakistani government is now under pressure to tackle issues including islamic extremism and poverty that prevent girls from going to school. nhk world's hideki yui has more. >> reporter: 15-year-old malala yousafzai was shot in the head last month by the taliban movement of pakistan. the radical islamic group said girls have no right to education. the teenager is currently in britain receiving treatment in hospital. one month after the attack, malala continues to remain under tight security from the pakistani military. two girls who were with malala and also shot that day describe what happened. >> reporter: the two other girls have returned to school. they were traumatized by the incident but decided to come back to carry
for maritime interests. u.s. president barack obama will hold talks with japan's prime minister yoshihiko noda and chinese premier wen. aimed at addressing strained relations over claims to the senekaku islands. the president is expected to stress any differences should be peacefully resolved according to international law. >>> now, japan's prime minister has praised myanmar's rapid reforms. and he's offered the country a development loan worth $600 million. yoshihiko noda met thein sein on the sidelines of the summit. myanmar has made steady progress on political reform. he promises to support the economic development. japan's public and private sectors will back reform efforts. it will be the first yen loan in almost 26 years. myanmar's leaders will use it to refurbish a thermal power plant in yangon. japan's government will extend the loans in february next year at the earliest. myanmar's to foreign investors. >>> letting out a small sigh of relief. trade agreement. joins us from the business desk. what's the story here? >> as you know, political tensions have tied up in parts of east asia.
with the development of long-range his ls. u.s. researchers at johns hopkins university say the country has conducted at least two tests of large rocket mortars since its failed launch in april. one satellite image shows the removal of fuel tanks and the appearance of exhaust stains. the researchers say their science tests have been carried out. another image shows similar discolorations and stains in an object that appears to be a large rocket engine. the analysis also says construction activity is under way to launch an even bigger rocket. it warns that north korea may start a new round of nuclear and rocket tests in the first half of next year. >>> several rockets have landed near sensitive targets in the capital of afghanistan. cholaphansa narula in bangkok is following this story. >> the afghan intelligence agency is one of the locations near tuesday's attacks in kabul. the incidents underline the security challenges afghanistan faces as nato-led combat troops prepare to withdraw by the end of 2014. >> translator: it was around 6:30 in the morning. a rocket landed here and hit a car, wounding tw
. honda motor plans to boost production capacity at its two u.s. plants next year. it says its factory in mexico now under construction should be ready for operation in 2014. the automakers say china remains an important market for them but they also need to quickly cultivate new demand outside china. >>> top officials in south korea are trying to stay a few moves ahead of the reclusive and unpredictable neighbor. they want to stop north korean authorities from possibly launching a long-range missile, and so they've turned to china for help because it has a strong influence over the north. south korea's chief negotiator on north korea's nuclear development is visiting beijing. lim sung-nam will meet with senior chinese officials inwuding wu dawei. he's the chair of the six-party talks on north's nuclear program. >> translator: we will discuss the latest situation on the korean peninsula. i hope to build closer ties with china. >> lim's visit comes nearly a week after an american satellite imagery firm tsunamied a photo showing activity at a missile launch site in north korea. analysts
wednesday at 1:00 p.m. japan time right here on "newsline." >>> scientists at the u.s. space agency nasa say a probe orbiting mercury has found evidence of water ice on the planet. the observations support the hoi poth sis that ice has existed at mercury's poles for millions of years. the new information comes from the messenger probe. it's been orbiting the planets closest to the sun since 2011. nasa scientists say the spacecraft observed excess hydrogen and permanently shadowed craters at mercury's north pole. they say the concentration of hydrogen is consistent with that found in water. the total amount of ice on mercury is estimated at 100 billion tons. scientists say it may have been brought by come elts or asteroids that crashed on the planet. the existence of life, however, is considered unlikely because of the planet's thin atmosphere. the prospects of finding ice on mercury received a boost in 1991 after a radio telescope in puerto rico detected bright patches at the planet's poles. >>> japanese researchers have developed a technique using tiny objects that could cause big changes i
attending. the president called for high income workers in the u.s. to pay more in taxes. >> i think we're all aware that we have some urgent business to do. we've got to make sure that taxes don't go up on middle class families, that our economy remains strong, that we're creating jobs. >> the republican speaker of the house of representatives asked for a balanced approach. republicans have been called for added revenue through curbs on tax deductions and credits. >> i believe that the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach. >> any new legislation must be enacted before the end of december to keep the u.s. from plunging off that fiscal cliff. >>> senior diplomats from japan and north korea wrapped up a round of talks in mongolia and have reported some progress. the north koreans also say they're open to talking about their country's abductions of nationals. they don't seem to go farther until japan has a new government. negotiators held two days of level walking level talks. they agreed to repatriate --
>>> welcome to "newsline." i'm yoko nishimura in tokyo with the news at this hour. >>> u.s. president barack obama and his republican challenger mitt romney have begun their final round of campaigning in key battleground states. romney is using a new strategy in these states to win over voters ahead of tuesday's election. the latest poll by abc news and "washington post" suggest obama and romney both have support rates of 48%. romney is focusing on wisconsin, one of swing states where obama is said to have a lead. >> the contacts made in wisconsin over the last months have just blown everybody away. i want to thank you for the work you're doing. let's get out. let's get this victory. >> romney is likely to still have a chance of winning if he takes wisconsin even if he loses another key state, ohio. the republican challenger is also running more tv ads in pennsylvania, michigan and minnesota. obama is expected to win more votes from the electoral college made up of electors allocated to each state. >> if you're willing to work with me and knock on doors with me and make som
>>> welcome to "newsline." u.s. president barack obama says it's he time to bget back to wok on the economy. he says they can start by going along with his plan to extend tax breaks for the middle class. obama used the first speech since re-election to outline his plan to cut the federal deficit. he said he wants to raise taxes on the rich and says the majority of americans agree with his approach. >> nobody, not republicans, not democrats, want taxes to go up for folks making under $250,000 a year. so leept's not wait. even as we negotiate a broader deficit reduction package, let's extend the middle class tax cuts right now. >> obama is open to compromise and new ideas and he'll invite john boehner to the white house next week to look for common ground. boehner said higher taxes just for the wealthy are unacceptable. still, republicans and democrats agree on the need to aavoid a so-called fiscal cliff. attention is now focused on whether they can narrow their differences on higher taxes for the rich. >>> top officials from across china are mapping out where the country will
Search Results 0 to 13 of about 14